Parag Parikh Conservative Hybrid Fund
The portfolio remains anchored in state development loans yielding seven percent plus, reflecting conviction in sovereign credit and attractive real estate yields through twin REITs. The manager's modest rebalancing—trimming agricultural financing while adding cement exposure and fresh SDL maturities—suggests tactical positioning around inflation expectations and selective equity conviction without abandoning conservative positioning. With nearly 62% in sovereigns and a modest 16% equity tilt, this fund prioritizes steady income over growth.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹15.7691 | — | — | — | — |
| Regular Growth | ₹15.5359 | -0.31% | +3.46% | +10.15% | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Ambuja Cements Limited | 0.06% |
| 7.36% Karnataka SDL (MD 13/03/2034) | 1.47% |
| 7.74% Maharashtra SDL (MD 01/03/2033) | 0.15% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Brookfield India Real Estate Trust INE0FDU25010 | 5.07% |
| 2 | Embassy Office Parks REIT INE041025011 | 5.05% |
| 3 | 7.08% Uttar Pradesh SDL (MD 17/02/2031) IN3320200295 | 4.42% |
| 4 | 7.08% Karnataka SDL (MD 12/08/2031) IN1920240232 | 4.14% |
| 5 | 7.72% Maharashtra SDL (MD 01/03/2031) IN2220220171 | 3.80% |
| 6 | 7.38% Karnataka SDL (MD 04/09/2034) IN1920250272 | 2.80% |
| 7 | 7.82% Tamilnadu SDL (MD 27/10/2032) IN3120220188 | 2.58% |
| 8 | Coal India Limited INE522F01014 | 2.42% |
| 9 | 7.93% Uttar Pradesh SDL (MD 24/03/2030) IN3320190272 | 2.29% |
| 10 | 7.76% Maharashtra SDL (MD 04/10/2030) IN2220220122 | 2.28% |
| 11 | 7.49% SIDBI NCD Ser VIII (MD 11/06/2029) INE556F08KX8 | 2.23% |
| 12 | ITC Limited INE154A01025 | 2.10% |
| 13 | Power Grid Corporation of India Limited INE752E01010 | 2.08% |
| 14 | Petronet LNG Limited INE347G01014 | 1.94% |
| 15 | 7.55% Gujarat SDL (MD 28/12/2030) IN1520220170 | 1.71% |
| 16 | 6.78% Maharashtra SDL (MD 25/05/2031) IN2220210073 | 1.61% |
| 17 | REP7_300426 nan | 1.59% |
| 18 | 7.33% Maharashtra SDL (MD 31/05/2031) IN2220230055 | 1.50% |
| 19 | 7.61% Gujarat SDL (MD 03/08/2032) IN1520220071 | 1.50% |
| 20 | 7.39% Tamilnadu SDL (MD 12/06/2032) IN3120240111 | 1.49% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Parag Parikh Conservative Hybrid Fund hold?
Parag Parikh Conservative Hybrid Fund holds 107 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 22.48% of NAV.
What is the largest holding in Parag Parikh Conservative Hybrid Fund?
The largest position in Parag Parikh Conservative Hybrid Fund is Brookfield India Real Estate Trust, accounting for 5.07% of NAV in the Realty sector.
Is Parag Parikh Conservative Hybrid Fund a concentrated or diversified fund?
With a Gini coefficient of 0.534, Parag Parikh Conservative Hybrid Fund is moderately concentrated. The HHI concentration index is 20,541 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 22.48% of the portfolio.
What is the market cap allocation of Parag Parikh Conservative Hybrid Fund?
Based on SEBI's AMFI classification, Parag Parikh Conservative Hybrid Fund's equity portfolio is split as: Large Cap: 6.92%, Mid Cap: 3.01%, Small Cap: 1.15%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Parag Parikh Conservative Hybrid Fund invest in most?
Parag Parikh Conservative Hybrid Fund has the highest allocation to Sovereign (61.57%), Realty (10.81%), CRISIL AAA (9.63%). The fund is invested across 14 sectors in total.
How actively managed is Parag Parikh Conservative Hybrid Fund compared to other Conservative Hybrid Fund funds?
Parag Parikh Conservative Hybrid Fund has an Active Share of 90.43%, classifying it as "Highly Differentiated" among 16 Conservative Hybrid Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Parag Parikh Conservative Hybrid Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Parag Parikh Conservative Hybrid Fund added 3 new stocks (including Ambuja Cements Limited) and exited 2 stocks (including Sanghi Industries Limited). Total holding count increased from 106 to 108 stocks.